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20130113
20130121
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on this issue. >> as you well know, sir, finding votes for the debt ceiling can sometimes be complicated, you yourself as a member of the senate voted against the debt ceiling increase, and in previous aspects of american history, president reagan in 1985, president george herbert walker bush, and president clinton, deals contingent upon raising the debt ceiling and you yourself, related to debt or budget related maneuvers. and what many people are curious about the new adamant desire on your part not to negotiate that seems to conflict with the entire hire in the modern era of the presidents and the debt ceiling and your own debt ceiling and doesn't it suggest we're going into a default situation because no one is talking to each other about this. >> no, major, i think if you look at the history. getting votes for the debt ceiling is difficult and votes in in town are difficult. i went through this last year. what is different we never saw a situation like we saw last year in which certain groups in congress took such an absolutist position that we came within a few days of defaulting. >> lo
warnings about the u.s. credit rating and the debate over the debt ceiling. why some think this could mean new hope for a minting a trillion dollar coin we could use to pay our bills. we thought that was settled. maybe not. and this high school principal is in hot water after trying to connect with students with a video that he says was meant to be a parody. we'll push play and you decide. and a reporter yesterday challenged the president about whether he's doing enough to reach out to republicans and trying to negotiate the big deal he says he's looking for. we'll show you his response and look at what that could mean for the gun debate, the debt ceiling and the rest. >> most people who know me know i'm a pretty friendly guy. and i like a good party. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. turn your world upside down with gillet
's the view of all of them. >> of course. >>> we'll move onto the debt ceiling with the government on pace to run out of money by mid-february. >> yesterday, the president warned republican leaders raising the nation's borrowing limit was non-negotiable and congress aimed to use it as lever eventuallyiage for deep s. >> while i'm willing to find middle ground to reduce our deficits, america cannot afford another debate. not paying its bills is irresponsible. it's absurd. republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serio
the debt ceiling, or exercise the responsibility that they have kept for themselves and raise the debt ceiling, because this is about paying the bills. this is not a complicated concept. you do not go out to dinner and then eat all you want and then leave without paying the check. if you do, you are breaking the law. congress should think about the same way the american people do. if congress wants to say maybe we should go to a more modest restaurant, that's fine. in order to curb our appetite, we're not going to pay the people who already provided the insurance, already front of the money. that is not showing any discipline. that is just not meeting obligations. you cannot do that. that is not a credible way to run the government. we cannot going from crisis to crisis when there is a path in front of us that require stability and compromise. that's how this goes. that is how this needs to work. >> thank you, mr. president. binding votes for the debt ceiling can sometimes be complicated. in previous aspects of american history, president reagan, president h. w. bush, president clinton
is up against republicans, he trying to work on the debt ceiling. you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the president of the united states. i'll let the white house and the administration answer how they're going to deal with congress. that's their task, not mine. but i'm confident that the president, the vice president and the entire administration is going to do everything they can to get the package they proposed today through congress. and, you know, when you heard the president say, i think it's essential, american citizens, the american people have to demand this. we have to act. when you have 1,000 people nearly killed in last 30 days at the hands of gun, when you have mass tragedies like happened in connecticut, aurora, colorado, oreg
to get a change of men , maybe we should bring them to talk about the debt ceiling. >> gregg: they are so good at everything. they do have a tendency to get the silk stockings over the least things. remember when we changed from french-fries to freedom fries and they got upset and then disney world and big macgs? >> this is an important issue. we do have things to worry about like unemployment and debt ceiling, but this is big. basically what was happening it was on the menu. it said champagne and champagne technically comes from a part of france. >> gregg: a region of france. >> right and the lobbyists went crazy over this. u.s. law says as long as you show the origin of the grapes it's already but they put california on the right side and on the left side -- >> only the french would get upset about that. >> gregg: the problem is there is too many lobbyists in washington. we put on green room on this. it's astonishing. there are 12,051 lobbyists that are actively lobbying. >> $3.3 billion in one year. >> gregg: i didn't do that. if you do the math, 22 lobbyists for every single member of
unemployment and debt ceiling, but this is big. basically what was happening it was on the menu. it said champagne and champagne technically comes from a part of france. >> gregg: a region of france. >> right and the lobbyists went crazy over this. u.s. law says as long as you show the origin of the grapes it's already but they put california on the right side and on the left side -- >> only the french would get upset about that. >> gregg: the problem is there is too many lobbyists in washington. we put on green room on this. it's astonishing. there are 12,051 lobbyists that are actively lobbying. >> $3.3 billion in one year. >> gregg: i didn't do that. if you do the math, 22 lobbyists for every single member of congress? >> yes. >> gregg: there 22 to one in lobbyists. >> there are a lot of lobbyists. >> gregg: there is a lot of influence peddling going on in washington, d.c. >> to me this champagne issue popped my cork. >> gregg: they ought to switch to martinis? >> i think they would all be happier, champagne does not get to that level. >> gregg: it gives you such a headache afterwards
up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budg
, what if these guys mess it up again. the debt ceiling fight they seem to be bigger than the ones we have had recently. >> it is not so much if they mess it up, it is how badly will they mess it up. we know that it is coming. we went into that, first of all, with other things happening that are not happening now. europe was much more of a mess and much more and write mode. we are just starting to get a sense of this function in washington. we are now unfortunately, immune to it. something we had not experienced, we know in hindsight, that did not happen. i think we learned some lessons. do you have a prediction at what may happen this time around. it was a big surprise that everyone said interest rates would skyrocket. and that, money, as a safe haven came in here to the united states. is there any guarantee that that will happen again? >> there is not a guarantee. the other thing that happened was not that foreign money was willing to buy treasuries, one of the concerned was if you lost a aaa rating, many big foundations, endowments tower and dated to only hold aaa securities would
. the way the republicans are threatening to use the debt ceiling delays everything and it puts the perspective in the wrong place. i think it is a serious mistake for them to even think about that. you were talking earlier about the articles this morning saying how dangerous it is to use the debt ceiling to essentially put the full faith and credit of this country in real jeopardy. so i'm very concerned about the consequences of doing that or even threatening to do it immediately and, also, it really shifts the focus, instead of it being on the debt ceiling, it should be elsewhere, including tax reform. host: if tax reform does not happen in 2013 -- guest: it may not happen. host: what is the impact of that? what is the implication? guest: i have said all along it is important for us to look beyond the label "tax reform." for example, we urged early on tax reform bringing the rates down to 25% individual and corporate, they -- without indicating how in the world they would do that. some said, we can use the exemptions and deductions. we have already begun to use them, i hope, i
Search Results 0 to 10 of about 11 (some duplicates have been removed)